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I noticed that one of the major ETH whales has just reduced its position. According to on-chain data, this large holder liquidated 34,000 ETH and pocketed approximately $8.16 million in profit. Not bad for a return!
What’s interesting is that this ETH whale hasn't completely closed its position. It still holds 84,000 ETH in its wallet, which is worth about $200 million. With unrealized gains amounting to $26.86 million, you could say it saw the move coming.
This kind of movement by big whales on Ethereum deserves attention. It shows that even after taking profits, large accumulators remain confident and hold significant positions. To be continued.